CN.V · 2017-07-05 12:00:00

Drilling commenced at Condor’s Ocros Project, Ancash, Peru

Exploration Programs

VANCOUVER, British Columbia, July 05, 2017 (GLOBE NEWSWIRE) -- Condor Resources Inc.

(“Condor ” or the “Company”) (TSX-V:CN) is pleased to announce that Compañia Minera Virgen de la

Merced S.A.C. ("Merced") has commenced drilling operations at the Ocros project.

Further to Company ’s news release of May 17, 2017, Merced has the option to earn a 70% interest in

Ocros over 4 years by completing 10,000m of drilling and making cash payments totaling US$550,000.

Merced is a private Peruvian company, and the owner of the mineral concessions adjacent and to the

south of Ocros, where Merced has a small mining operation.

The objective of the drill program is to test the continuity of the copper porphyry mineralization over an

approximate area of 1.5 square kilometres centered around the adits of the historic Eldorado mine, where

the mineralization has been confirmed by systematic sampling on two levels, and over 325m on each level

(refer to our July 7, 2015 news release). Merced are required to complete a minimum 2,000m of drilling

over the next year.

Condor is an explorer and project generator focused exclusively on Peru, and our objective is the discovery

of a major new precious metals or base metals deposit. Project acquisition and development is managed by

our Lima based exploration team.

ON BEHALF OF THE BOARD

Lyle Davis,

President & Chief Executive Officer

Cautionary Statement Regarding Forward -Looking Information: All statements, trend analysis and

other information contained in this press release relative to markets about anticipated future events or

results constitute forward -looking statements. Forward -looking statements are often, but not always,

identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and

"intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be

achieved and other similar expressions. Forward -looking statements are subject to business and economic

risks and uncertainties and other factors that could cause actual results of operations to differ materially

from those contained in the forward -looking statements. Forward -looking statements are based on

estimates and opinions of management at the date the statements are made. The Company does not

undertake any obligation to update forward -looking statements even if circumstances or management's

estimates or opinions should change. Investors should not place undue reliance on forward -looking

statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news

release.

For further information please contact the Company at 1 -866-642-5707, or by email at [email protected] OR

Renmark Financial Communications Inc.

Tel: (416) 644-2020 or (514) 939-3989

www.renmarkfinancial.com